Investments in Solar Guaranteed Capital and Loans to Golomoti Shareholders

The 20 MW Golomoti solar facility, which is the first solar plus storage facility in Malawi, has been secured with US$24 million in equity investments and shareholder loans.

The guarantee was given by the Multilateral Investment Guarantee Agency (MIGA) to the project promoter Golomoti JCM Solar Corporation Limited. Over a period of 20 years, the guarantees will protect JCM from the risks of restriction of transfer and breach of contract.

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Hiroshi Matano, Executive Vice President of MIGAsaid that by contributing to the diversification of energy supply, the new 20 MW solar photovoltaic power plant is contributing to Malawi’s transition to a low-carbon and climate-resilient economy.

With only 11.2% of the population having access to electricity in 2019, Malawi has one of the lowest rates in the world. 75% of the country’s current generating capacity is hydroelectricity, with most of it coming from Lake Malawi. In addition, expensive and highly polluting diesel generators are currently used to handle peak demand.

In order to increase electricity supply by adding new independent power producers and connecting new customers to the grid, the government of Malawi plans to increase electrification levels to 30% by 2030.

Also Read: Bwengu solar photovoltaic power plant kicks off in Malawi

The impact of the new 20 MW solar photovoltaic power plant on the environment

The new 20 MW solar PV plant increases sustainable energy supply and will reduce 45,000 metric tons of CO2 emissions over its lifetime. The 5 MW/10 MWh battery storage system, which has an expected lifetime of 15 years, was installed and made operational at the same time as the plant.

The battery storage system offers the possibility of better load leveling by storing electricity during periods of low demand and supplying it during periods of high demand, in addition to managing the intermittency of solar energy . Pressure on more carbon-intensive peaking generating facilities will be reduced, resulting in greater reductions in greenhouse gas emissions.

According to Christian Wray, CEO of JCM Power, the parent company of JCM Golomati UK Limited, MIGA’s support has been an important factor in advancing their projects in Malawi. Wray added that the partnership allows independent power companies like JCM Power to carry out projects that have a positive effect on the renewable energy market in Africa.

reported earlier

March 2021

Construction begins on 20 MW Golomoti solar power project in Malawi

Construction of the 20 MW Golomoti Solar Power Project in Malawi has begun. This is after Malawi’s Energy Minister Newton Kambala was joined by British High Commissioner to Malawi David Beer and officials from InfraCo Africa and JCM Power (JCM) for launching the project at a groundbreaking ceremony in Dedza district.

Thanks to Innovate UK, the project received a grant of nearly $3 million from the UK government to provide state-of-the-art batteries. This will enable the plant to provide reliable power supply and improve grid stability, reducing reliance on hydro and diesel power generation, while ensuring grid stability is maintained. In addition, the UK, through InfraCo Africa, one of the UK infrastructure finance agencies, is a 25% shareholder in the project through equity financing.

Read also: The government launches the construction of a thermo-solar power plant in Impfondo

Golomoti Solar Power Project

20 MWac solar photovoltaic (PV) coupled with a 5 MW/10 MWh lithium-ion battery energy storage system (BESS), the Golomoti solar project benefited from knowledge sharing with its sister project, Salima Solar, with the two projects (among the first commercial-scale solar photovoltaic power stations in the country) key to transforming the regulatory frameworks around Malawi’s renewable energy sector. Salima Solar is expected to start supplying power to Malawi’s national grid in early 2021, with Golomoti becoming operational in the second half of 2021.

The project is being undertaken by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and its project partner, JCM Power (JCM).

Malawi’s energy sector

Malawi has an electrification rate of only 18%, with only 11% connected to the grid, and frequent power outages affecting economic productivity. Malawi’s energy sector currently depends on hydropower; however, rainfall fluctuations have severely affected power generation in recent years.

The Government of Malawi has recognized energy as a key driver of economic growth in its Growth and Development Strategy (2017-2022) and is working to establish the necessary regulatory frameworks to attract private sector investment in the sector energy of Malawi.

May 2021

Malawi’s first large-scale solar-plus-storage project to be built in Golomoti

Renewable Energy Company, Sungrow has partnered with JCM Power, InfraCo Africa, RINA and Innovate UK to build Malawi’s first large-scale solar plus storage project. Located in Malawi’s Dedza District, near the town of Golomoti, the 20 MWac, 5 MW/10 MWh solar photovoltaic energy storage project is set to become a flagship project in sub-Saharan Africa by showing the value photovoltaic solar energy associated with energy storage.

The project is expected to fully adopt Sungrow’s solar plus storage MV solution, consisting of PV inverter, MV station, all-in-one power conversion system, battery container and an energy management system (EMS). Sungrow’s photovoltaic and storage technologies will be deployed to improve the availability, reliability and quality of Malawi’s power supply through its frequency regulation, voltage regulation, peak shaving and support capabilities. reactive power load.

Also read: 400kWp solar PV plus 912kWh battery storage in Mozambique secures funding

Malawi’s first large-scale solar-plus-storage project

The Golomoti project will have all engineering, procurement and construction activities managed by JCM Power. The inclusion of lithium-ion batteries behind the meter on this scale will be a first in sub-Saharan Africa. The project is expected to come into operation at the end of 2021,

According to Shane Eglinton, Engineering Director of JCM Power, the project will lead the way to clean, affordable and reliable power for Malawi and other developing countries. “We are delighted to have chosen Sungrow to provide solar inverters, transformer kiosks and a unique lithium-ion battery energy storage solution for this pioneering project,” he said.

Phyllis Yang, Head of Sungrow South Africa, said bringing Sungrow’s latest outdoor power conversion system solutions to the African market will boost clean energy access and economic growth in the region. “We are extremely proud to be part of this iconic project,” she added.

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